| Consult Search & Selection Ltd |
| Registered Number:07032723 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Consult Search & Selection Ltd
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
Consult Search & Selection Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
633,316
735,993
3
633,316
735,993
| Trade and other receivables |
3,250,205
3,245,458
4
184,226
| Cash and cash equivalents |
197,629
3,443,087
3,434,431
| Trade and other payables: amounts falling due within one |
| year |
(1,292,178)
(769,033)
5
2,142,253
2,674,054
Net current assets
| Total assets less current liabilities |
3,307,370
2,878,246
| Trade and other payables: amounts falling due after more |
| than one year |
(293,301)
(280,987)
6
(29,000)
(54,600)
| Provisions for liabilities |
2,997,383
Net assets
2,530,345
201
300
2,997,132
2,529,995
50
50
2,997,383
2,530,345
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the |
| end of each financial year and of its profit or loss for each financial year in accordance with the requirements |
| of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 |
| relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
Consult Search & Selection Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 30 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Consult Search & Selection Ltd
Notes to the Financial Statements
Statutory Information
| Consult Search & Selection Ltd is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 07032723. |
9 Bond Court
Leeds
LS1 2JZ
| The presentation currency is £ sterling. |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
| the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. The company |
| adopted FRS 102 in the current year and an explanation of how the transition to FRS 102 has affected the |
| reported financial position and performance is given in the financial statements. |
Revenue recognition
| Turnover comprises the invoiced value of recruitment services and related labour supply services, supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Acquired Goodwill is stated at cost less amortisation. Amortisation is calcluated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures and fittings
Government grants
| Grants toward revenue expenditure are credited to the profit and loss account as the related expenditure is incurred. |
Inventories
| Income on recruitment contracts that are on-going at the year end, is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the income arising up to the year end. |
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For the year ended 31 December 2024
Consult Search & Selection Ltd
Notes to the Financial Statements Continued
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Impairment
| At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
| individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or |
| the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount |
| exceeds its recoverable amount, the impairment loss is recognised in the statement of comprehensive income. |
Land & Buildings
| Property is shown in the fixed asset notes at cost. |
| No depreciation is provided on the property, as a result of the residual value of the property being at least equal |
| to cost. |
| The property is valued at cost by the directors who consider that cost fairly reflects the market value of the |
| property. |
Taxation
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amnount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
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For the year ended 31 December 2024
Consult Search & Selection Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
180,000
180,000
180,000
180,000
-
-
| 3. Property, plant and equipment |
Motor vehicles
852,102
140,103
201,963
510,036
4,892
4,892
-
-
-
(89,918)
-
(89,918)
510,036
112,045
144,995
767,076
| Provision for depreciation and impairment |
116,109
77,971
38,138
-
Charge for year
49,486
17,104
32,382
-
(31,835)
-
(31,835)
-
133,760
95,075
38,685
-
510,036
73,360
49,920
633,316
510,036
163,825
62,132
735,993
| 4. Trade and other receivables |
2023
2024
728,384
837,115
2,517,074
2,413,090
3,250,205
3,245,458
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For the year ended 31 December 2024
Consult Search & Selection Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
27,600
24,000
114,244
33,756
| Taxation and social security |
392,614
662,414
234,575
572,008
769,033
1,292,178
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
280,987
293,301
| 7. Directors advances and guarantees |
| As at 1 January 2024, the Director's Loan Account was overdrawn in the sum of £1,359,933. However, the |
| overdrawn balance increased during the year as a result of further loans. The maximum loan balance in the |
| year was £1,784,074, and forms part of the 'Other Debtors' figure in the Financial Statements. Interest has been |
| charged by the company on the loans throughout the whole period the Loan Account has been overdrawn. |
| On 4 September 2025 the entire Issued Share Capital of the company was acquired by Compass Recruitment Solutions Ltd, Company Number 7701840. |
| 9. Average number of persons employed |
During the year the average number of employees was 54 (2023 : 50)
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